Danvers Area Italian Kitchen-Pizzeria - $1M Gross

Danvers, MA
Essex County

shopping center


Asking Price: Annual Revenue:
$325,000 $1,000,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Danvers Area Italian Kitchen-Pizzeria - $1M Gross Broker: Betsy Masucci
Owner Financing is Available!

Quick Facts

Asking Price: $325,000
Annual Revenue: $1,000,000
Net Profit: $250,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2002
Employees: Not Disclosed
BBN Listing #: 839319596
Broker Reference #: EM0409

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Business Overview:

Peabody -Danvers area~~ITALIAN RESTAURANT & PIZZERIA

SELLING PRICE: $325,000 DOWN PAYMENT: Only $125,000

SALES VOLUME: $19,000/week (approximately $1M per year and more room to grow)

LEASE: $2,863/month. (only 4% of sales) Years LEFT: 7 years.

SQUARE FOOTAGE: 1,542 square feet. SEATING: 29 seats

HOURS OF OPERATION: 6 days, closed Mondays. 10AM - 9 PM

COMMENTS: Located in a very active shopping center with unlimited parking. Owned for 17 years, this business has provided a lucrative lifestyle with husband and wife working together. Only seasoned buyers considered. NETS OVER $250,000/year.
Contact Betsy at 781-599-9707 or email betsy817@verizon.net

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Property Features and Assets:

Work 6 days per week. Located in a large shopping center with unlimited parking and great exposure. Strong base of repeat, loyal customers.

Market Competition and Expansion:

If you can be satisfied with working 6 days per week and earning $250,000 per year for your efforts...THIS IS YOUR PLACE.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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